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Desert Lion Energy Inc. Announces Completion of Plan of Arrangement11.07.2019 | 20:18 Uhr | GlobeNewswire
TORONTO, July 11, 2019 - Desert Lion Energy Inc. (“Desert Lion” or the “Company”) (TSX-V:DLI) announced today the completion of the previously announced plan of arrangement (the “Arrangement”), whereby Lepidico Ltd. (“Lepidico”) (ASX: LPD) has acquired all of the outstanding common shares of Desert Lion for consideration of 5.4 Lepidico ordinary shares for every 1 Desert Lion common share. The Arrangement, which was announced on May 7, 2019, was approved by the Company’s shareholders at an annual general and special meeting held on June 27, 2019, and by the Ontario Superior Court of Justice (Commercial List) on July 4, 2019.
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